You just proved again what an idiot you are .
Your petty Bashing won't stop this train .
" .. just study everything that you have seen from this crew .. very conservative , methodical ...
slow and easy is a great way to win a race ."
If the race is to zero , they are the frontrunner .
Beyond , here's a scenario
EMAN was expecting the ENVG contract. They put up the ATM in anticipation of an award sending volume & PPS higher . Smooth sailing .
Word came down that KOPN was getting it . EMAN had to turn to plan B - the HMD .
In order to make the HMD work (reduce cost , decrease optics weight & increase FOV ) they needed Schott (the optical supplier) to buy in - can't have any flakey partners with so much at stake .
So they canceled the ATM which won't work without a contract & sold the shares to Schott . EMAN had to give them a great price because EMAN came calling & needed the deal .
Once EMAN announced the financing, industry players knew with more certainty that KOPN got the ENVG award & it sent their PPS & volume higher .
Although many like the HMD prototype , EMAN couldn't wait for a commitment & needed to move as the ENVG money & ATM was no longer a viable plan to tide them over .
Someone can always step in and pony up the big bucks for the HMD at a future date .
$1.50 makes no sense to me If they had an agreement with a Tier 1 or several others . Also makes no sense to me if they had anything substantial on the horizon .
If it was leaked to EMAN & KOPN a few weeks ago that KOPN was going to get the ENVG contract that would explain a shift in plans to a consumer device . EMAN would have been anticipating a rise in PPS with a contract award and the ATM would have been a success . KOPN getting awarded the contract also might explain the sudden surge in KOPN volume & PPS yesterday .
EMAN getting the contract & needed to expand does not jive with a $1.50 offering . That would be a cause for investors to jump in at a higher PPS & it certainly doesn't jive with an effort to pursue a consumer HMD .
On another note if EMAN is shifting focus to a consumer HMD they need to get the HMD cost down . While they can work on the display end I believe Schott supplies the optics so their buy in would be essential to keep them as a supplier and to keep them working on lowering the optics cost & increasing FOV . Because of this they may have been the buyer of the shares .
Maybe they see that VUZI is doing it on a shoestring budget & believe they can do it too .
As far as CES goes , I don't think they are far enough along to make a splash . Probably shooting for CES 2017 .
From the Prospectus
"We plan to enter into the consumer market for head-mounted displays (HMDs) or headsets. We do not have any experience in selling products directly to consumers and we may not succeed in doing so. If our plans to enter into the consumer market are not successful, such failure would have a materially adverse effect on our business, operating results and financial condition."
This seems to me to be a change in their course of action from developing a HMD prototype and then partnering with someone else to commercializing it to developing the product fully and then marketing it to consumers themselves .
So my question is was the prototype not attractive enough to pique the interest of a partner or was it so overwhelmingly & obviously superior that they are deciding to go it alone & want to keep all the marbles to themselves ?
".65 of a Warrant @ 2.05."
Exactly , so wouldn't this equate to a whole share price of $3.15 ?
Or is it simply they purchase .65 of a share at the whole share price of $2.05 ?
Couple more things :
KOPN has the cash to purchase the EMAN shares .
If KOPN gets the Google Glass Enterprise socket as has been speculated , their PPS will immediately soar . HIMX went from $2 to $16 on GG 1.0 . I would expect KOPN to easily go to $10 if they get into GG 2.0 .
KOPN did have a $100,000,000 S-3 filed . Last updated on 11/5/2013 . A little old but why would they need $100m with $100m in the bank ?
Interesting that the updated KOPN trademark filing date was 6/11/15 .
Was a tentative deal struck between KOPN & EMAN earlier in the year ?
Was the ATM just a formality to say EMAN tried to raise financing & failed & was left with no alternative but a deal with KOPN ?
Was KOPN's sudden volume & PPS rise yesterday insiders trading on the deal ?
Here's a thought .
Did KOPN buy the EMAN shares ?
They have been know to invest in other companies including Vuzix & Recon .
Also this from their recent trademark filing :
Goods & Services
Liquid crystal displays, organic light emitting diode (OLED) displays; display modules incorporating liquid crystal display, imaging optics and housing; display modules incorporating OLED display, imaging optics and housing; integrated circuits; head-mounted display devices; smart headsets; smart eyewear; noise canceling headsets; algorithm to extract voice signal in acoustic environment containing noise
If $1.50 is all he can muster in this industry right now , he needs to go as CEO .
Maybe an nice quiet spot in the back tinkering with the equipment .
The 4,000,000 shares of common stock and the warrants to purchase 2,600,000 shares of our common stock will be sold in units, with each unit consisting of one share of common stock and a five-year warrant to purchase 0.65 of a share of common stock at an exercise price of $2.05 per share of common stock.
So only .65 of a share at $2.05 = $3.15 per whole share if that is the right interpretation .